Scholarships are awarded through the School of Dental Medicine Student Services during the Fall Term. Applicants are reviewed on the basis of academic status, as well as financial need. The amount of each award ranges from $500 to $10,000 per academic year and is credited to the fall term charges. These awards are available to DMD students only.

Loan program information is subject to regular revision and should be verified with the Dental Medicine Financial Aid Office annually. The following loan program descriptions provide the most current information.

Loan Programs

Stafford Loans
Low-interest loans financed directly by the federal government or by private lending institutions such as banks or credit unions. The interest rate is fixed at 6.8% on this loan. However, it cannot exceed 8.25 percent. Repayment on both the subsidized and unsubsidized loans begins six months following graduation. The repayment period is ten years. This is the initial source of financial assistance for all students, and will be assumed in all award packaging. Further information may be obtained by visiting www.pheaa.org on the web, or by calling 800-692-7392.

Stafford Unsubsidized - The borrower is responsible for paying all accrued interest. This loan allows a maximum of $38,667 per academic year. The borrower has the option of paying the interest while in school, or having it capitalize to be paid at a later time.

Health Professions Loan
This loan has an interest rate of 5 percent, and is subsidized while the student maintains at least half-time enrollment status. Award amounts vary and are determined by parental income, class costs, financial status, and account balance. Repayment of this loan begins twelve months after graduation, with a maximum repayment period of ten years. In order to qualify for this loan, you will need to submit a copy of your parent's tax return (1040/A/EZ) regardless of your age or marital status. There is no exception to this requirement.

Alternative Loans
If the Stafford Loans and Health Professions Loans are not enough to cover all expenses an Alternative Loan is the next type of loan offered for consideration. They generally have variable rates and are unsubsidized loans.

Terms and conditions vary from lender to lender.  It is the student's responsibility to research the loan that best suits their need.